Fangdd receives nasdaq notice regarding minimum bid price requirements

Shenzhen, china, june 23, 2023 (globe newswire) -- fangdd network group ltd. (nasdaq: duo) (“fangdd” or the “company”) today announced that it has received a written notification from the nasdaq stock market llc (“nasdaq”) dated june 22, 2023, notifying that the company is currently not in compliance with the minimum bid price requirement set forth under nasdaq listing rule 5450(a)(1) (the “rule”) as the bid price of the company's american depositary shares (“adss”) closed below us$1 per share for the last 30 consecutive business days from may 9, 2023 to june 21, 2023. the company has been granted a grace period of 180 calendar days, expiring on december 19, 2023, in which to regain compliance. the company will regain compliance if, at any time during this 180-day period, the closing bid price of the company's adss is at least us$1 for a minimum of ten consecutive business days. in the event the company does not regain compliance with the rule within 180 calendar days, the company may be eligible for additional time.
DUO Ratings Summary
DUO Quant Ranking